My Neighbor Alice

What is the token?

• My Neighbor Alice (ALICE) is a gaming-focused cryptocurrency token on the Ethereum blockchain.

• It enables players to buy, sell, and own virtual islands, items, and characters within a virtual world.

• ALICE tokens are the main currency earned through gameplay or trading virtual assets.

• These tokens can purchase in-game assets and participate in activities and events.

• My Neighbor Alice distinguishes itself through its community-driven gameplay, emphasizing cooperation and interaction between players to build and expand their virtual worlds.

Tokenomics

• The ALICE token has a total supply of 100,000,000.

• It is a crucial utility token within the My Neighbor Alice ecosystem, serving various purposes such as in-game functions and governance.

• It simplifies the in-game economy, making it easy for players to buy, rent, and sell NFTs on the marketplace.

• Shortly, a DAO called Community Council, comprised of token holders, will have a say in shaping some critical aspects of the game.

• Crafting some NFTs will require ALICE and token holders to gain access to exclusive rewards during special occasions.

Market Data

As of today #{today’s date}, the price of My Neighbor Alice is ₹105.45 INR or 1.14 USD, with a 24-hour trading volume of 14239300.39 USD. The market capitalization for My Neighbor Alice is 77299426.71USD. The circulating supply is 67913333 My Neighbor Alice, with the total supply also being 100000000 My Neighbor Alice.

Token Pros and Cons

Pros:

• ALICE tokens are earned through gameplay, which encourages player engagement.

• The token is used for in-game purchases and participation in activities and events, enhancing the gaming experience.

• The token plays a role in governance, giving token holders a say in shaping the game.

Cons:

• My Neighbour Alice operates in a competitive space with other capable coins like SAND, MANA, and GALA.

• The token's value is tied to the success and popularity of the game, which can be unpredictable.

?

• Investing in ALICE could be attractive due to its integration into the My Neighbor Alice game, which combines gaming with blockchain technology.

• The token’s use in gameplay, purchases, and governance within the game could drive demand.

• Additionally, as the game aims to introduce blockchain to millions of players, this could potentially increase the token’s value.

USP of the coin

• The unique selling point of the ALICE token is its integration into the My Neighbor Alice game, where it serves as the main currency.

• It is earned through gameplay and used for in-game purchases and activity participation.

• The token also plays a role in governance, giving token holders a say in shaping the game.

The problem the coin is solving

• The ALICE token is solving the problem of integrating blockchain technology into gaming.

• Using the token for in-game purchases and governance introduces players to the concept of cryptocurrency and decentralized finance in a fun and engaging way.

Founder and team background

• Antler Interactive, a VR and mobile game development company, launched My Neighbor Alice.

• However, the search results do not provide specific information about the founder or the team’s background.

ICO Price

Private Sale:

• Date: January 1, 2021

• Price: $0.10

• Raised: $2.1 million

• Tokens for Sale: 21 million

Initial DEX Offering (IDO):

• Date: February 2-3, 2021

• Price: $0.125

• Raised: $100,000

• Tokens for Sale: 800,000

Risks Associated with Investing in the Coin

• Short History Risk: ALICE and the My Neighbor Alice project have a relatively short history, which makes it challenging to predict future performance based on past data.

• Demand Risk: ALICE's success and value heavily depend on its adoption rate by users. A failure to attract a large user base or compete effectively with other blockchain gaming projects could diminish its value.

• Forking and Code Defects Risk: Like any blockchain project, ALICE faces the risk of forking and code defects. These technical risks could disrupt the game's operation or the token's utility.

Whitepaper Insights

The My Neighbor Alice whitepaper outlines the game’s vision to create a genuinely public application with an exciting plot to attract ordinary players, blockchain enthusiasts, and DeFi nerds. The game is designed to be “live forever” with a narrative that never becomes boring. It has a light and intuitive interface with various features to explore. In My Neighbor Alice, players decide how much they want to be involved in the game’s decentralized features and DeFi.

The game is set on the Lummelunda Archipelago, consisting of six islands. Players can purchase virtual plots of land, design and decorate their property, use in-game assets, perform daily activities, and participate in competitions and quests to earn more rewards. All purchased land is represented as an NFT.

The ALICE token, the utility token, is used for staking, in the governance system for voting, and as the primary payment method on the network. The system ensures that NFTs are always priced at the minimum.

The game encourages community interaction and allows people to meet new friends. Additionally, My Neighbor Alice is decentralized with a tokenized governance system. The game is designed to be governed by its users. ALICE token holders can propose updates and vote on any changes to the protocol.